Public-listed Thai conglomerate PTT Oil and Retail (OR) will be investing $100 million to develop an oil depot for aviation refuelling at Techo International Airport (TIA), Phnom Penh’s new airport, where first phase operation is scheduled in mid 2024.
As of July 31, the airport, built by Cambodia Airport Investment Co Ltd (CAIC), is 43 per cent complete and has consumed up to $617 million in construction cost as of end-2022 since its groundbreaking ceremony in 2019.
According to The Bangkok Post on August 17, OR’s aviation refuelling depot, which is part of its overseas business expansion plan, aims to serve the rapid post-pandemic growth in Cambodia’s economy.
In 2021, OR and two other companies – China National Aviation Fuel International Holdings Ltd and Total Energies Marketing (Cambodia) Co Ltd – set up a joint venture firm, Phnom Penh Aviation Fuel Service Co…
